TPLP to sell its developmental assets to REIT Fund

By MG News | September 13, 2021 at 02:12 PM GMT+05:00

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September 13, 2021 (MLN): The Board of Directors of TPL Properties (TPLP), has given in-principle approval for selling its developmental assets either directly or through SPVs to the REIT Fund to be managed by TPL REIT Management Company Limited.

TPL REIT Management Company Limited is a wholly-owned subsidiary of TPLP and acts as a Strategic Investor in the Fund.

The transaction shall be subject to the approval of the shareholders, all the regulatory consents.

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